Unsurprisingly, after last week's Wall Street bloodbath, yesterday was not a disaster and today is looking quite good. The Dow 30 and S&P 500 up about 3%. I suspect when this all sorts out. I will be a $100K wealthier than the start. My mutual funds likely bought on the fall.
I confess thst I find Trump’s way of doing things quite unnerving. He relies on brinkmanship for trade negotiations. If thst word is unfamiliar to you:
"Brinkmanship is the practice of trying to achieve an advantageous outcome by pushing dangerous events to the brink of active conflict. The maneuver of pushing a situation with the opponent to the brink succeeds by forcing the opponent to back down and make concessions rather than risk engaging in a conflict that would no longer be beneficial to either side,"
If that sounds like JFK during the Cuban Missile Crisis, it should. We went nose to nose with the Soviet Union and Kruschev blinked. This was a scary time. We reached DEFCON 2. I doubt Ukraine will be like that, but Taiwan may well reach that point.
UPDATE: As my wife observed, this is a message to Iran. "I am prepared to destroy the world economy and our own for American jobs. What will I do to get you to abandon nuclear weapons?"
UPDATE 2: The market recovery did not last although it is not falling dramatically.
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